Month: January 2023

Britishvolt: how Britain’s bright battery future fell flat

Startup that hoped to transform UK car production was once valued at more than £800m, but collapsed worth a tiny fraction of that When Britishvolt, a startup hoping to transform UK car production by making batteries for electric vehicles, rented a seven-bedroom £2.8m mansion with a swimming pool and Jacuzzi-style bath for workers, some employees …

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‘They’re 25, they don’t do emails’: is instant chat replacing the inbox?

Bosses at Davos say direct messaging can be more effective for Gen Z employees – but email still has a role Could office emails go the way of the fax machine and the rolodex? They have not joined those workplace dinosaurs yet, but there were signs of evolutionary change at the annual gathering of business …

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Crypto lender Genesis files for Chapter 11 bankruptcy in US

Firm is latest casualty in sector as cryptocurrencies contagion spreads after FTX collapse The cryptocurrency lender Genesis has filed for Chapter 11 bankruptcy in the US, becoming the latest victim of the shakeout in the digital asset market after the collapse of the crypto exchange FTX. Genesis Global Capital, one of three Genesis entities that …

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Uber’s lobbying activities in France face inquiry after Guardian investigation

Uber files project revealed that company identified Emmanuel Macron as key ally Uber’s lobbying activities in France and its relationship with the French president, Emmanuel Macron, are facing an official inquiry following an investigation led by the Guardian last year. A committee of French MPs will now investigate the ride-hailing company’s relationships with public officials, …

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The new frontier in the US war on TikTok: university campuses

Experts say banning the app over college networks will not stop students from accessing it over cellular data There’s a new frontline opening up in the US war on TikTok: college campuses. The China-based app has already been banned on all federal government devices and on government devices in 31 states over data privacy concerns. …

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Google parent firm Alphabet to cut 12,000 jobs worldwide

Company is latest in US tech sector to reduce staff numbers and decision follows ‘rigorous review’ of business Google’s parent company is to cut 12,000 jobs worldwide as it becomes the latest US tech major to cut staff. Alphabet’s chief executive, Sundar Pichai, said the redundancies followed a “rigorous review” of the business. The cuts …

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Netflix co-founder Reed Hastings steps down as CEO of streaming company

Hastings will be succeeded by co-CEOs Greg Peters and Ted Sarandos, and will continue in the company as executive chairman Netflix co-founder Reed Hastings, the entrepreneur who reshaped the media landscape and led the charge into streaming, announced he is stepping down as co-chief executive of the company on Thursday. Hastings, 62, co-founded the company …

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‘Bigger, scarier, unforgettable’ – The Last of Us game is perfect for TV

The horror sequences are more vivid, the storytelling explores new worlds and it turns a familiar tale into something that grips you all over again. It’s the dream video game adaptation When it comes to video-game adaptations, TV and film producers have historically had an unfortunate habit of using the game as a kind of …

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Millions of UK mobile and broadband users face 14% bill rises from April

BT, EE, TalkTalk, Three and Vodafone among suppliers allowed to increase monthly charges As if household budgets were not already under enough pressure, millions of broadband and mobile phone customers look set to face rises of more than 14% in their monthly bills from April. BT, TalkTalk, Three and Vodafone are among the big telecoms …

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